Is value investing applicable in the crypto world?

To conclude, the essence remains unchanged, but the form has changed.

The two famous phrases of value investing are 'buying stocks is buying a company' and 'buying a company is buying future cash flow discounted.' These two phrases have been popularized by Buffett and Duan Yongping.

On the surface, Bitcoin has no cash flow, is not a company, and does not belong to the realm of value investing. Other altcoins, some have a securities nature, such as the platform coin BNB, but most are just air, lacking companies and cash flow.

However, this does not mean they have no value; value is defined according to different needs. Future cash flow is just one perspective, and it may be difficult to apply in the crypto world, but there are other indicators of value.

For example, meme coins depend on the quality of the IP, company coins reference stocks, and Bitcoin references gold.

In any case, achieving success is extremely difficult. The reason why value investing is still at the top of the food chain in crypto investing is that those who have achieved great success typically held onto Bitcoin for the long term. $BTC $ETH $BNB #加密股IPO季 #加密市场回调 #价值投资